3rd Nov 2005 16:44
National Grid PLC03 November 2005 3 November 2005 National Grid plc ('NG')Directors' Interests(Interests Notified by the Trustee for theLattice Group Long Term Incentive Scheme (the 'LTIS')) NG yesterday received a notification from Mourant & Co. Trustees Limited, asTrustee of the Lattice Group Employees Share Trust operated in conjunction withthe LTIS, in respect of awards which were rolled over on the merger of NationalGrid and Lattice Group in October 2002. 2001 LTIS On the merger Steve Lucas agreed to roll over his award over 96,589 NG ordinaryshares. Following subsequent dividend reinvestments by the Trustee within thefinal one year retention period set under the rules of the Scheme, which endedon 2 November 2005, the total holding rose to 101,057 NG shares. After theTrustee disposed of 41,517 shares in the market yesterday at 511.53p to settletax and National Insurance requirements, a balance of 59,540 shares have beentransferred directly to Steve Lucas. Following these events, Steve Lucas is interested in a total of 576,964 NGordinary shares and 318 B shares (unchanged). (Note: For Companies Act purposes, Steve Lucas is deemed to have a technicalinterest in all the shares held by the LTIS Trustee, together with allparticipating employees. This interest ceases when shares are transferred toparticipants of the LTIS and this is the final such release under the LTISScheme.) Contact: D C Forward, Assistant Secretary (020 7004 3226) This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
National Grid